in the past when cryptocurrencies such
as Bitcoin have split in two it was as
if money fell from the sky
take bitcoins auguste fork for instance
mathematically speaking one split in
half results in two halves but instead
of adhering to that set of logic that
particular fork resulted in one plus a
little extra so while the price of
Bitcoin hovered around two thousand
seven hundred and fifty dollars the
price of its forked coin Bitcoin cash
traded initially at three hundred dollars
Bitcoin chart
Bitcoin Cash Chart
thus investors who owned Bitcoin woke up
the next day with one Bitcoin cash for
each Bitcoin they owned and all the
wealthier for it such Forks are one way
to get cryptocurrency airdrops
or apparently free digital coins
distributed to users that meet certain
criteria and it's a phenomenon some
cryptocurrency investors have chased in
recent months in the hopes of profits
funds trouts Thomas Lee notes that
interest is enough for tokens with
upcoming Forks to maybe do well notably
Lee calls for investors to generally
stay out of smaller cryptocurrencies
and stick with Giants of the space
tokens with upcoming Forks and air drops
have outperformed Bitcoin by 4.8% since
the peak of alt coins Road Lee in a note
Thursday we identify six major Forks air
drops in next 90 days which could
support interest in these tokens here
are the scheduled Forks and air drops Lee highlighted Lee also pointed to the
a minor drop of united Bitcoin a Bitcoin the fork on a theorem litecoin cutie um and
eight shareholders though he also noted that the impact is minor the only rather
glaring problem Forks can be messy and risky not all exchanges may choose to
support the new cryptocurrency meanwhile, exchanges are also constantly
changing with software alterations requiring investors to be wary of
updates in mid-February, for example, coinbase enabled segments compatible
Bitcoin transactions in a bid to lower fees for doing so, however, users who
accidentally sent Bitcoin cash to a Bitcoin address would lose their phone
as Li wrote in a follow-up note claiming the forks airdrop token is not so easy. hope you like this post Thnks.
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